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2515 Oakes Ave, Everett, WA 98201

$569,999
•
  • —

    bed

  • —

    bath

  • 1,768

    Sqft ($322/Sqft)

House for sale 247 days
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About 2515 Oakes Ave

Property type House
Neighborhood
Year built 1904
HOA fee $0/month
Lot size 4,356 Sqft
Movoto estimate
Property description
Turn-key Investment Opportunity! Approved triplex has been utilized as a 5-plex, with the upper level divided into 3 studio units (they share a bathroom). All units have individual kitchens. Updated building & units with strong cash flow—currently grossing $5,210/mo ($65,680/year) and approx. 9.37 % cap rate. Unit 1 fully remodeled with modern interior; Unit 5 carpet replaced 2 years ago. New coin-op laundry and water heater. Unit 1, 4 left vacant for potential owner-occupancy/upgrade to drive up value—only unit available for showing. Great in-city location with easy access to Everett CC, hospitals, shops, cafes, and freeways. Loyal long-term tenants, rent below market.
Listed by
Listing Agent - Luxi Meng
Listing Office - Kelly Right RE of Seattle LLC
Source: NWMLS mls logo
MLS#2476036 • last updated 5 months ago
Movoto checked NWMLS for data 27 minutes ago
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Overview
Cooling/AC None
Heating Baseboard
Levels/Style Triplex
MLS # 2476036
Virtual Tour External Link
SubType Multi Family
Type Residential Income
SqFt 1768
Status Active
Lot Size (SqFt) 4356
Lot Size (Acres) 0.1
Year Built 1904
Condition Fair
Interior
Exterior
Roof Composition
Construction Wood
Exterior Features Wood
Amenities / Utilities
Sewer/ Septic Sewer Connected, City Of Everett
Water Public
Water Company City Of Everett
Power Company Puget Sound Energy
Power Production: Type Electric, Natural Gas
Location
View City
County Snohomish
Subdivision Everett
Area 740 - Everett/Mukilteo
Elementary School Buyer To Verify
Middle School Buyer To Verify
High School District Everett
High School Buyer To Verify
APN 439156500700
Multifamily Details
Net Operating Income 53414
Capitalization Rate 9.37
Expense: Insurance 2000
Expense: Electricity 1300
Gross Scheduled Income 65600
Expense: Fuel 1400
Expense: Other 2055
Gross Adjusted Income 62320
Total Expenses 8906
Gross Rent Multiplier 8.7
Nwm_Totalmonthlyincome 5210
Vacancy Rate 5
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8/10
Whittier Elementary School
public Grades PK, K-5
Everett School District
5/10
North Middle School
public Grades 6-8
Everett School District
6/10
Everett High School
public Grades 9-12
Everett School District
Source: GreatSchools.org © 2026. All rights reserved.

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81/100
Walk
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Family
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Dining
86/100
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